topic Re: Feedback: Impact on FICO from Closed Account in Understanding FICO® Scoring

Feedback: Impact on FICO from Closed Account

credit8502020 — Sat, 07 Jun 2025 19:19:08 GMT

Hi All!

I have a closed Discover card & have some questions to make sure I have the right expectations.

Here are some helpful details:

Current Equifax - 780

Current Experian - 815 (Doesn't have this late!)

Open Date: January 2003

Closed Date: June 1, 2014

Last Updated: December 2020

Delinquency: 30 day late

Delinquency Date: October 2018

Credit Limit: $10,600

Comments: Account previously in dispute - now resolved by data furnisher,Account closed by credit grantor

1. When should I expect the late to fall off & show up? On November 2025 report?

2. What areas are impacted by a closed account in good standing being on your report? Ex. Average Age of Accounts, etc?

3. How much weight does a closed account with the details below play in the overall credit score?

4. When should I expect the entire tradeline to fall off?

One of my concerns is preparing for how the removal of this tradeline will impact my overall score & profile. I want to optimize my profile to prepare for a score drop and to "replace" this account.

It is the only derogatory on my credit report.

Thank you for your insight and feedback.

Re: Feedback: Impact on FICO from Closed Account

FicoMike0 — Sun, 08 Jun 2025 01:28:14 GMT

If the account was closed in 2014, how was it late in 2018? Typo? If the late was in 2018, it should fall off this year. The entire tradline should fall off about 10 years after closed. This impact will depend on the age of your other tradlines.

Re: Feedback: Impact on FICO from Closed Account

credit8502020 — Sun, 08 Jun 2025 03:13:27 GMT

@FicoMike0 wrote:
If the account was closed in 2014, how was it late in 2018? Typo? If the late was in 2018, it should fall off this year. The entire tradline should fall off about 10 years after closed. This impact will depend on the age of your other tradlines.

@FicoMike0 Exactly! No, it wasn't a typo on my part at least. This is how it is noted on my Equifax MyFico report.

Re: Feedback: Impact on FICO from Closed Account

AndySoCal — Sun, 08 Jun 2025 23:34:09 GMT

@credit8502020 Please pull your credit report from Equifax from here it is free https://www.annualcreditreport.com/index.action

This help in determine if it is Equifax or MyFico has a problem

Was this account closed with a zero balance in 2014.? Or was it closed with a balance and was later paid down to a zero balance? If you can print out a copy of the Discover statement showing it was closed with a zero balance. Please this may be useful if needed in filing a dispute.

Re: Feedback: Impact on FICO from Closed Account

SouthJamaica — Mon, 09 Jun 2025 14:49:43 GMT

@credit8502020 wrote:
Hi All!

I have a closed Discover card & have some questions to make sure I have the right expectations.

Here are some helpful details:
Current Equifax - 780
Current Experian - 815 (Doesn't have this late!)
Open Date: January 2003
Closed Date: June 1, 2014
Last Updated: December 2020
Delinquency: 30 day late
Delinquency Date: October 2018
Credit Limit: $10,600
Comments: Account previously in dispute - now resolved by data furnisher,Account closed by credit grantor

1. When should I expect the late to fall off & show up? On November 2025 report?
2. What areas are impacted by a closed account in good standing being on your report? Ex. Average Age of Accounts, etc?
3. How much weight does a closed account with the details below play in the overall credit score?
4. When should I expect the entire tradeline to fall off?

One of my concerns is preparing for how the removal of this tradeline will impact my overall score & profile. I want to optimize my profile to prepare for a score drop and to "replace" this account.

It is the only derogatory on my credit report.

Thank you for your insight and feedback.

Since your 30 day late occurred after the account had been closed, I'm assuming the account had a balance when it was closed.

1. The late should fall off this year.

2. I don't think the late falling off will affect your score, because I don't think your score is being affected by it any more.

3. A closed account without a balance has no particular effect in and of itself.

4. One never knows when the entire account will fall off. Sometimes a closed account falls off within a couple of years. Typically it falls off after around 10 years. Sometimes it stays in the reports much longer.

Its falling off of your reports may or may not affect your scores, depending on the ages of what other open and closed accounts may be in the reports. Its dropping off will lower your average age of accounts, but your AAoA may be high enough that it wouldn't affect your score. If it was your oldest account, your age of oldest account will be affected. But again if your next oldest account is old enough, it might not affect your score.

Re: Feedback: Impact on FICO from Closed Account

credit8502020 — Wed, 11 Jun 2025 04:51:11 GMT

@SouthJamaica wrote:
@credit8502020 wrote:
Hi All!

I have a closed Discover card & have some questions to make sure I have the right expectations.

Here are some helpful details:
Current Equifax - 780
Current Experian - 815 (Doesn't have this late!)
Open Date: January 2003
Closed Date: June 1, 2014
Last Updated: December 2020
Delinquency: 30 day late
Delinquency Date: October 2018
Credit Limit: $10,600
Comments: Account previously in dispute - now resolved by data furnisher,Account closed by credit grantor

1. When should I expect the late to fall off & show up? On November 2025 report?
2. What areas are impacted by a closed account in good standing being on your report? Ex. Average Age of Accounts, etc?
3. How much weight does a closed account with the details below play in the overall credit score?
4. When should I expect the entire tradeline to fall off?

One of my concerns is preparing for how the removal of this tradeline will impact my overall score & profile. I want to optimize my profile to prepare for a score drop and to "replace" this account.

It is the only derogatory on my credit report.

Thank you for your insight and feedback.
Since your 30 day late occurred after the account had been closed, I'm assuming the account had a balance when it was closed.

1. The late should fall off this year.
2. I don't think the late falling off will affect your score, because I don't think your score is being affected by it any more.
3. A closed account without a balance has no particular effect in and of itself.
4. One never knows when the entire account will fall off. Sometimes a closed account falls off within a couple of years. Typically it falls off after around 10 years. Sometimes it stays in the reports much longer.

Its falling off of your reports may or may not affect your scores, depending on the ages of what other open and closed accounts may be in the reports. Its dropping off will lower your average age of accounts, but your AAoA may be high enough that it wouldn't affect your score. If it was your oldest account, your age of oldest account will be affected. But again if your next oldest account is old enough, it might not affect your score.

@SouthJamaica Thank you. Yes. There was a balance on it. My Average Age is 14 yrs 3 months. My oldest account is an AU account in 1996. My next oldest primary account is 2016. So it's going to be interesting to see how my scores are impacted. I didn't think the late was having such a major impact, but the 35 point difference between Equifax and Experian leads me to believe that it may still be adversely impacting it enough that when the late is removed I'll see a nice increase, but I'm not sure.

Re: Feedback: Impact on FICO from Closed Account

credit8502020 — Wed, 11 Jun 2025 04:50:48 GMT

@AndySoCal wrote:
@credit8502020 Please pull your credit report from Equifax from here it is free https://www.annualcreditreport.com/index.action

This help in determine if it is Equifax or MyFico has a problem
Was this account closed with a zero balance in 2014.? Or was it closed with a balance and was later paid down to a zero balance? If you can print out a copy of the Discover statement showing it was closed with a zero balance. Please this may be useful if needed in filing a dispute.

@AndySoCal Thank you. Yes, I had already pulled it. No, there was a balance and it was later paid down to zero balance. I only didn't try to dispute the late bacause I didn't want the account to fall off and it adversely impact my score. However, since it is no longer on Experian and TU and my scores are still relatively strong, I may just try to get it removed altogether. We'll see...

Re: Feedback: Impact on FICO from Closed Account

AndySoCal — Wed, 11 Jun 2025 14:14:01 GMT

@credit8502020 I would dispute the late if you have the proof. The proof would be copies of the Discover card statement showing on 9/2018 and 10/2018 the account was paid on time. The should be submitted with dispute. If you do not have the proof talk to Discover and see if they can fix it. The other option is wait until it falls off naturally.

Re: Feedback: Impact on FICO from Closed Account

SouthJamaica — Wed, 11 Jun 2025 21:32:51 GMT

@credit8502020 wrote:
@SouthJamaica wrote:
@credit8502020 wrote:
Hi All!

I have a closed Discover card & have some questions to make sure I have the right expectations.

Here are some helpful details:
Current Equifax - 780
Current Experian - 815 (Doesn't have this late!)
Open Date: January 2003
Closed Date: June 1, 2014
Last Updated: December 2020
Delinquency: 30 day late
Delinquency Date: October 2018
Credit Limit: $10,600
Comments: Account previously in dispute - now resolved by data furnisher,Account closed by credit grantor

1. When should I expect the late to fall off & show up? On November 2025 report?
2. What areas are impacted by a closed account in good standing being on your report? Ex. Average Age of Accounts, etc?
3. How much weight does a closed account with the details below play in the overall credit score?
4. When should I expect the entire tradeline to fall off?

One of my concerns is preparing for how the removal of this tradeline will impact my overall score & profile. I want to optimize my profile to prepare for a score drop and to "replace" this account.

It is the only derogatory on my credit report.

Thank you for your insight and feedback.
Since your 30 day late occurred after the account had been closed, I'm assuming the account had a balance when it was closed.

1. The late should fall off this year.
2. I don't think the late falling off will affect your score, because I don't think your score is being affected by it any more.
3. A closed account without a balance has no particular effect in and of itself.
4. One never knows when the entire account will fall off. Sometimes a closed account falls off within a couple of years. Typically it falls off after around 10 years. Sometimes it stays in the reports much longer.

Its falling off of your reports may or may not affect your scores, depending on the ages of what other open and closed accounts may be in the reports. Its dropping off will lower your average age of accounts, but your AAoA may be high enough that it wouldn't affect your score. If it was your oldest account, your age of oldest account will be affected. But again if your next oldest account is old enough, it might not affect your score.
@SouthJamaica Thank you. Yes. There was a balance on it. My Average Age is 14 yrs 3 months. My oldest account is an AU account in 1996. My next oldest primary account is 2016. So it's going to be interesting to see how my scores are impacted. I didn't think the late was having such a major impact, but the 35 point difference between Equifax and Experian leads me to believe that it may still be adversely impacting it enough that when the late is removed I'll see a nice increase, but I'm not sure.

I don't believe the AU counts in the age of oldest account factor, or even in your average age of accounts. So your age of oldest account will go from 22 years down to 9 years. But I have a hunch that that's not going to move your scorecard designation, since 9 years is pretty good. In any event, it might not be an important discussion, because there's no reason to think the account will be dropping off any time soon.

Yeah we'll see what the late payment aging off will do. Probably nothing but we'll see. I think I saw a post from somebody recently who believed he did see a nice score gain when a late aged off. But I'm not really knowledgeable about this. I don't think I ever had a late.

Re: Feedback: Impact on FICO from Closed Account

credit8502020 — Thu, 12 Jun 2025 00:10:25 GMT

@AndySoCal wrote:
@credit8502020 I would dispute the late if you have the proof. The proof would be copies of the Discover card statement showing on 9/2018 and 10/2018 the account was paid on time. The should be submitted with dispute. If you do not have the proof talk to Discover and see if they can fix it. The other option is wait until it falls off naturally.

@AndySoCal Thank you!

Re: Feedback: Impact on FICO from Closed Account

credit8502020 — Thu, 12 Jun 2025 00:44:25 GMT

@SouthJamaica wrote:
@credit8502020 wrote:
@SouthJamaica wrote:
@credit8502020 wrote:
Hi All!

I have a closed Discover card & have some questions to make sure I have the right expectations.

Here are some helpful details:
Current Equifax - 780
Current Experian - 815 (Doesn't have this late!)
Open Date: January 2003
Closed Date: June 1, 2014
Last Updated: December 2020
Delinquency: 30 day late
Delinquency Date: October 2018
Credit Limit: $10,600
Comments: Account previously in dispute - now resolved by data furnisher,Account closed by credit grantor

1. When should I expect the late to fall off & show up? On November 2025 report?
2. What areas are impacted by a closed account in good standing being on your report? Ex. Average Age of Accounts, etc?
3. How much weight does a closed account with the details below play in the overall credit score?
4. When should I expect the entire tradeline to fall off?

One of my concerns is preparing for how the removal of this tradeline will impact my overall score & profile. I want to optimize my profile to prepare for a score drop and to "replace" this account.

It is the only derogatory on my credit report.

Thank you for your insight and feedback.
Since your 30 day late occurred after the account had been closed, I'm assuming the account had a balance when it was closed.

1. The late should fall off this year.
2. I don't think the late falling off will affect your score, because I don't think your score is being affected by it any more.
3. A closed account without a balance has no particular effect in and of itself.
4. One never knows when the entire account will fall off. Sometimes a closed account falls off within a couple of years. Typically it falls off after around 10 years. Sometimes it stays in the reports much longer.

Its falling off of your reports may or may not affect your scores, depending on the ages of what other open and closed accounts may be in the reports. Its dropping off will lower your average age of accounts, but your AAoA may be high enough that it wouldn't affect your score. If it was your oldest account, your age of oldest account will be affected. But again if your next oldest account is old enough, it might not affect your score.
@SouthJamaica Thank you. Yes. There was a balance on it. My Average Age is 14 yrs 3 months. My oldest account is an AU account in 1996. My next oldest primary account is 2016. So it's going to be interesting to see how my scores are impacted. I didn't think the late was having such a major impact, but the 35 point difference between Equifax and Experian leads me to believe that it may still be adversely impacting it enough that when the late is removed I'll see a nice increase, but I'm not sure.
I don't believe the AU counts in the age of oldest account factor, or even in your average age of accounts. So your age of oldest account will go from 22 years down to 9 years. But I have a hunch that that's not going to move your scorecard designation, since 9 years is pretty good. In any event, it might not be an important discussion, because there's no reason to think the account will be dropping off any time soon.

Yeah we'll see what the late payment aging off will do. Probably nothing but we'll see. I think I saw a post from somebody recently who believed he did see a nice score gain when a late aged off. But I'm not really knowledgeable about this. I don't think I ever had a late.

@SouthJamaica Thank you. My understanding was that the account might fall off after 10 years from the date it was closed—am I misunderstanding that?

Re: Feedback: Impact on FICO from Closed Account

SouthJamaica — Thu, 12 Jun 2025 03:28:19 GMT

@credit8502020 wrote:
@SouthJamaica Thank you. My understanding was that the account might fall off after 10 years from the date it was closed—am I misunderstanding that?

It might. But then again it might not. 10 years is often mentioned as a typical lifespan, but it can be shorter or longer, sometimes much longer.